Quantum computing is still in its early innings, but if the technology reaches the potential that some see for it, the industry could mint many millionaires among its investors. Grand View Research projects that the quantum computing market will grow at a 22.3% compound annual rate through 2033, and Infleqtion (NYSE: INFQ) may be one of the best ways to get exposure to this opportunity.
Its partnership with Nvidia shows that Infleqtion is a serious player
Like most quantum computing pure plays, Infleqtion doesn’t have much revenue to support its multibillion-dollar market cap. The company’s top line was only $9.5 million in the first quarter, and it booked more than $30 million in net losses.
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The company is developing quantum computers that should be able to solve highly complex problems that classical computers can’t. Infleqtion has partnered with Nvidia (NASDAQ: NVDA) to integrate its neutral-atom quantum processing units with the tech giant’s hardware and software, with the goal of driving the next era of high-performance computing.
That partnership strengthens Infleqtion’s reputation while also giving it access to more talent and capital. The combined technology will also be more convenient for AI data center operators to make use of, since it bridges quantum computing technology with the GPUs they already use, and therefore won’t require a major overhaul.
In other words, it will be easier to integrate Infleqtion’s offerings into established AI infrastructure than the technologies of many of its competitors.
The development of quantum computing is accelerating
It’s not just tech companies that are spearheading the push to quantum computing with investments and initiatives. The Trump administration recently issued an executive order for the government to develop policies that could accelerate quantum computing development in America.
“The United States must take a cohesive, whole-of-government approach to accelerate deployment and commercialization of quantum computing, sensing, and networking,” President Donald Trump wrote.
Infleqtion already has a good relationship with the government. It was recently selected by the U.S. Department of Commerce for $100 million in proposed funding to advance quantum computing. As Washington ramps up its investments in the technology, there is a good chance more of that capital will flow into Infleqtion’s coffers. The day after Trump’s announcement, French President Emmanuel Macron announced that France would make similar investments in that nation’s quantum computing efforts. Clearly, the quantum race is starting to heat up.